Broader markets broke the winning streak and ended lower, underperforming the benchmark indices
Nifty is likely to remain under selling pressure unless and until it breach the 7,700-7,720 levels on closing basis.
In the broader markets, the BSE Midcap and Smallcap indices were up 0.5% each
Bajaj Auto was the top gainer in the Sensex pack, surging 3.95 per cent followed by Maruti Suzuki at 2.69 per cent.
The S&P BSE Sensex ended 46 points lower at 24,824 and Nifty50 settled at 7,555, down by 8 points after hitting intra-day high of 7,600.45.
The Sensex and the Nifty witnessed biggest one day loss in percentage terms since June 24
Markets ended in green on rate cut hope.
Telecom stocks fell after Mukesh Ambani extended Reliance Jio's free offers till March 2017.
Sun Pharma dipped 2% to Rs 615 on the BSE, its lowest level since November 9, 2016
Maruti Suzuki, Asian Paints, L&T, ONGC and Infosys have gained between 1%-1.5%.
Markets in countries whose economic fortunes were closely linked to China's growth tumbled.
IIP for November 2015 and CPI for December 2015 will be announced today.
World Bank lowered its global economic growth outlook for 2016 to 2.9% from 3.3% earlier.
Markets will be closed on Thursday and Friday on account of Holi and Good Friday, respectively.
Sensex gained over 100 points and ended at 26147.33 while the Nifty ended 27 points higher at 7,795.75.
Growth in the eight core sectors jumped to 8.5% in April, due to a sharp pick-up in refinery products and a commensurate rise in electricity generation.
Broader markets underperformed the benchmark indices with BSE Midcap and Smallcap indces slipping 0.8%-1.1%
The 30-share Sensex ended 50 points lower at 28,112 and the 50-share Nifty declined 12 points to close at 8,531.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
BSE Midcap index outperformed the benchmark indices to end with 0.4% gains.
Institutional investors led by foreign portfolio investors have bought these shares.
Among the private banking majors ICICI Bank and HDFC Bank were down 0.2%-0.5% each.
Mixed global cues and decline in crude oil prices further dent the sentiments.
BSE Auto was the top sectoral loser with a 4.6% fall followed by realty sector down 3.7% and consumer durables 3.6% post disappointing IIP numbers
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Private lenders HDFC Bank and ICICI Bank were the top gainers along with index heavyweights
Financial shares were among the top Sensex gainers along with auto and pharma shares.
Investor wealth too fell by nearly Rs 7 lakh crore during 2015-16 or over Rs 2,700 crore per trading session.
No stock on BSE Sensex ended in red while only 3 stocks in the broader Nifty50 index settled the day negative
It won't be an easy ride for the markets, reckon experts, considering the multiple state elections in 2018 and general elections next year.
A strengthening dollar overseas also kept the rupee under pressure amid demand from importers. Goldman Sachs followed JP Morgan, HSBC and Nomura in cutting India's economic growth forecast and also said it expects the rupee to touch 72 against the dollar in the next six months.
The bigger worry is that the miss for FY19 is likely to be significant even after assuming macro factors such as crude oil prices, rupee, input costs, and interest rates, do not worsen from the current levels, reports Vishal Chhabria.
'Investors should not commit fresh money to these stocks right now, unless they can hold for the next three to four years.'
Market breadth remained strong with 1,581 advances over 1,018 declines on the BSE
The S&P BSE Sensex closed at 26,190, up by 43 points and Nifty50 settled above 7,950 to end at 7,963, up by 17 points
Are we seeing a replay of March 2000? What are the similarities and differences and how worried should we be, asks Akash Prakash.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
Anaysts recommend a 'buy' on Icra due to its positive outlook.
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